Repository logo

Infoscience

  • English
  • French
Log In
Logo EPFL, École polytechnique fédérale de Lausanne

Infoscience

  • English
  • French
Log In
  1. Home
  2. Academic and Research Output
  3. Journal articles
  4. The Economics of Incomplete Plan - on Conditions, Procedures and Design of Future Mission - Oriented Innovation Policies
 
research article

The Economics of Incomplete Plan - on Conditions, Procedures and Design of Future Mission - Oriented Innovation Policies

Foray, Dominique  
January 1, 2022
Hacienda Publica Espanola-Review Of Public Economics

The buzzword in industrial policy and innovation policy circles is mission-oriented innovation policy (MOIP) -which means a policy to encourage innovation intended to accomplish a certain missionwhether it be a societal challenge (climate change, global health) or an industrial policy issue (sectoral transition or modernisation, establishment of a new industry). This new category results from what seems a priori to be just a simple qualifying extension of mission-oriented policies (MOPs) -very much in vogue in the 70's and 80's and used particularly in sectors like space and defence. However, this 'simple' qualifying extension does in fact cause a significant discontinuity that merits reflection. While a mission imposes a discipline and centralised priorities and decisions, innovation on the other hand can't be planned. Innovation is so uncertain that no plan will ever enable it to be tamed. There is thus a tension between mission and innovation, between a planning logic and a freedom to experiment logic. This tension implies thus advancing our knowledge about MOIP design, which is the goal of this paper.

  • Details
  • Metrics
Type
research article
DOI
10.7866/HPE-RPE.22.4.6
Web of Science ID

WOS:000924075900007

Author(s)
Foray, Dominique  
Date Issued

2022-01-01

Publisher

INST ESTUDIOS FISCALES

Published in
Hacienda Publica Espanola-Review Of Public Economics
Volume

243

Start page

123

End page

146

Subjects

Economics

•

Business & Economics

•

mission-oriented innovation policy

•

grand challenges

•

business and social innovations

•

economic discovery

•

technology

•

challenges

•

strategy

Editorial or Peer reviewed

REVIEWED

Written at

EPFL

EPFL units
HRC  
Available on Infoscience
February 27, 2023
Use this identifier to reference this record
https://infoscience.epfl.ch/handle/20.500.14299/195105
Logo EPFL, École polytechnique fédérale de Lausanne
  • Contact
  • infoscience@epfl.ch

  • Follow us on Facebook
  • Follow us on Instagram
  • Follow us on LinkedIn
  • Follow us on X
  • Follow us on Youtube
AccessibilityLegal noticePrivacy policyCookie settingsEnd User AgreementGet helpFeedback

Infoscience is a service managed and provided by the Library and IT Services of EPFL. © EPFL, tous droits réservés